Grande Porta (GPTRF) Stock News

Grande Portage (OTCQB:GPTRF) announced a non-brokered private placement of up to 4,347,826 Units at C$0.23 per Unit for aggregate gross proceeds of up to C$1,000,000. Each Unit includes one common share and one warrant exercisable at C$0.35 for 24 months. Proceeds are intended to fund exploration and development of the New Amalga Mine project in Alaska and for general working capital. The Offering is made under the LIFE Exemption to Canadian investors (excluding Quebec) and selected jurisdictions outside Canada, may close in multiple tranches with a first tranche expected on November 18, 2025 and final closing no later than December 19, 2025, and is subject to TSX Venture Exchange acceptance.

Grande Portage Resources (OTCQB:GPTRF) provided updates on the New Amalga Gold Project in Southeast Alaska, reporting an Indicated Resource of 1,438,500 oz Au at 9.47 g/t (4,726,000 tonnes) and an Inferred Resource of 515,700 oz Au at 8.85 g/t (1,813,000 tonnes). The project concept envisions a small-footprint underground mine with third-party offsite processing to avoid an onsite mill or tailings storage facility.

Grande Portage will present on November 5, 2025 at the Alaska Miners Association annual convention and expects a 43-101 Preliminary Economic Assessment to be completed in February 2026. The company contracted RESPEC Inc. to perform roadway and traffic studies for ore haulage on Glacier Highway and to assist with mining cost estimation. Subject to TSXV approval, the company granted 2,200,000 incentive stock options exercisable at $0.25 until Nov 2, 2030.

Grande Portage (OTCQB:GPTRF) announced initiation of an NI 43-101 Preliminary Economic Assessment (PEA) for the New Amalga Gold Project in Southeast Alaska.

The project hosts a high-grade mineral resource of 1.4 million ounces indicated and 0.5 million ounces inferred gold and is open to expansion. The company received indicative offtake terms showing gold payability of 72%–87% depending on grade, with typical expected payabilities of 80%–85% using sensor-based ore sorting. Treatment and refining charges are quoted as copper benchmark TC plus $95/tonne and $10 per contained gold ounce refining charge.

An initial draft PEA is anticipated in early to mid-January 2026 with final completion targeted for mid-to-late February 2026. The company plans small-footprint underground mining with third-party offsite processing to avoid an onsite mill or tailings facility.

Grande Portage Resources (OTCQB:GPTRF) has announced significant progress in technical and permitting initiatives for its New Amalga Gold Project in Southeast Alaska. The company has secured a five-year Fish Habitat Permit from Alaska Department of Fish & Game and completed several key technical studies including an initial Geotechnical and Hydrogeological Review by SRK Consulting and an aerial LiDAR scan.

The company has contracted two independent ore offtake studies and retained Ensight LLC as its NEPA consultant. The project envisions a small-footprint underground mining operation without an ore processing plant, leveraging its strategic location near tidewater and existing paved highway for third-party processing.

A recent MOU between Alaska and the Federal Permitting Council could help streamline the project's permitting process through the FAST-41 program.

Grande Portage Resources (OTCQB:GPTRF) has submitted an easement application to the State of Alaska for its New Amalga Gold project. The proposal includes development of a 1.3-mile (2 km) gravel road and two equipment staging areas.

The planned road development will reduce helicopter shuttle distances for drilling equipment and supplies by over 60% compared to the current staging area in Juneau Mendenhall Valley. This initial segment represents approximately one-third of the total distance needed from Glacier Highway to the project site.

The company envisions future development of a small-footprint underground mining operation without on-site processing facilities, leveraging the project's proximity to existing infrastructure for third-party processing.

Grande Portage Resources (OTCQB:GPTRF) has submitted a Special Use Permit application to the US Forest Service for its New Amalga Gold project in Southeast Alaska. The permit covers installation of environmental monitoring infrastructure, including meteorological data collection stations, stream gauging sensors, and communication systems.

The company has completed fieldwork including fish-habitat stream identification and wetlands mapping. Notably, the project's design excludes on-site ore processing, instead planning for off-site third-party processing due to the site's proximity to tidewater and existing infrastructure. This approach aims to minimize environmental impact by eliminating the need for a concentrator, tailings facility, and permanent waste rock storage.

Grande Portage Resources (GPTRF) has confirmed the finder's fees for its previously announced non-brokered private placement. The company paid $285,600 in cash and issued 1,428,000 non-transferable warrants as finder's fees. Each Finder's Warrant allows the holder to purchase one common share at $0.20 per share, valid for 36 months from closing. The fees are subject to securities legislation and TSX Venture Exchange policies. The company plans to use the net proceeds to advance exploration and development of its New Amalga Gold project in Alaska and for general working capital.

Grande Portage Resources has successfully closed its non-brokered private placement, raising $4.5 million through the sale of 22,500,000 Units at $0.20 per Unit. Each Unit comprises one common share and one purchase warrant, with warrants exercisable at $0.26 per share for three years. The offering was conducted under the LIFE Exemption for Canadian residents (excluding Quebec) and international investors. The company will pay $263,550 in cash and issue 1,317,750 Finder's Warrants exercisable at $0.20 for 36 months. The proceeds will fund exploration and development of the New Amalga Gold project in Alaska and working capital needs. The offering received conditional TSXV approval and awaits final approval.

Grande Portage Resources (GPTRF) has increased its non-brokered private placement offering from its initial announcement on June 3, 2025, due to strong institutional investor demand. The company will now offer up to 22.5 million units at C$0.20 per unit, aiming to raise C$4.5 million. Each unit consists of one common share and one warrant exercisable at C$0.26 for 36 months. Red Cloud Securities will act as finder, receiving 7% cash compensation and 7% finder warrants. The proceeds will fund exploration and development of the New Amalga Mine project in Alaska, including a Preliminary Economic Assessment. The offering is expected to close in multiple tranches between June 13 and July 7, 2025, subject to TSX Venture Exchange approval.